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Thiago Monteiro Acquires South Yarmouth Multifamily For $1.12M
SOLD
Massachusetts
See Similar DealsMultiFamily3,391 SF
Sold 01/26/2024
SOLD
Thiago Monteiro Acquires South Yarmouth Multifamily For $1.12M
11 Salt Works Lane
See Similar DealsMultiFamily3,391 SF
Sold 01/26/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$330
Total Square Footage:3,391 SF
Transaction Type:Sale
A multifamily property located at 11 Salt Works Lane in South Yarmouth, MA, was recently sold for $1,120,000. The property spans 3,391 square feet with a price per square foot of $330.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,120,000
- Address: 11 Salt Works Lane
- Market: South Yarmouth, MA
- Buyer's Representative: Thiago Monteiro - William Raveis Real Estate
- Seller's Representative: Karen Lilly - Property Cape Cod Real Estate
Thiago Monteiro from William Raveis Real Estate played a key role as the buyer's representative in the transaction, whereas Karen Lilly, representing Property Cape Cod Real Estate, served as the seller's agent.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$59,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,979.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,309.37
Annual Debt Service$63,712.46
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